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NCLC and NHLP submitted comments in strong support of the CFPB’s proposed consumer protection regulations for PACE loans, with recommendations to strengthen the proposal and help it more fully meet its goals.
Americans for Financial Reform Education Fund, along with 20 organizations in the housing, consumer protection, climate and environmental justice, and community investment spaces, submitted comments on the Consumer Financial Protection Bureau (CFPB)’s proposed rule on residential Property Assessed Clean Energy (PACE) financing. The comment urges the CFPB to finalize this rule swiftly to protect consumers.…
Read More about Americans for Financial Reform Coalition Comment to CFPB on PACE Rulemaking
NCLC has responded to NASEO's RFI regarding an essential component of state's IRA home energy rebates programs -- consumer protections. The Department of Energy's one-time nearly $9 billion home energy efficiency and electrification rebates provide an opportunity to package critical energy efficiency investments to the most vulnerable households, but it could open the door to unfair or predatory practices.
Read More about Comments to NASEO's IRA Rebates RFI Regarding Essential Consumer Protections
Americans for Financial Reform Education Fund, National Consumer Law Center, and the undersigned organizations urge the Federal Reserve Board to ensure that financial institutions carefully consider the potential impacts of climate-related financial risks in the context of racial, economic, environmental, and climate justice and the financial institutions’ obligations under the Fair Housing Act, the Equal…
Read More about Coalition Letter to Federal Reserve on Climate Financial Risk Management
Testimony expressing concern that the many bad actors observed in Property Assessed Clean Energy (PACE) programs have preyed upon low-income consumers, older adults, and homeowners of color, including through deceptive contractor practices and targeting communities of color.
Read More about Residential Property Assessed Clean Energy (PACE) Programs
Television segment: Last Week Tonight (21:50 runtime) “PACE Loans.” Background information provided to the producers by NCLC policy experts John Rao and Charlie Harak.